Jamaica Prime Minister Andrew Holness has announced on March 11 that the country’s central bank will airdrop Jam-Dex, a central bank digital currency worth $16, to early adopters in an effort to promote widespread adoption.
With about 17% of the Jamaican population currently unbanked, for poorer Jamaicans, using a central bank digital currency could help many, according to the data.
Advertisements
The crypto community has previously questioned the name Jamaica’s central bank digital currency, Jam-Dex, because Dex, which in crypto terms usually refers to a decentralized exchange, a place where cryptocurrencies are bought and sold, may be confusing to many in the industry. .
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.